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BILLIONAIRE Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls.
HANGZHOU, China: China's Alibaba said orders on its e-commerce platforms during the Singles' Day shopping extravaganza had exceeded $56 billion by Wednesday morning, as lockdown-weary consumers splashed out on as many as 16 million discounted goods.
HANGZHOU, China: Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit US$74 billion, a haul that was overshadowed by a 10% drop in its shares on Wednesday after China published draft anti-trust rules aimed at internet platforms
HUAWEI Technologies Co. sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology.
A HIGH-PERFORMING Matthews Asia fund manager says China is in a "sweet spot” for investors, thanks to rising individual wealth in the nation.
SINGAPORE: The office may never reach its past heights in the post-pandemic world but the outlook for Singapore and Hong Kong offices is promising.
MUMBAI: India’s Tata Group is in advanced talks to buy as much as 80% of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding Ltd at about US$1.6bil, a person familiar with the matter said.
SINGAPORE (Reuters) - A venture between Singapore Telecommunications and ride-hailing firm Grab and internet platform company Sea Ltd are among four applicants chosen to operate Singapore's first digital banks, in the city-state's biggest banking shakeup in two decades.